COMPANY FORMATION BY POWER OF ATTORNEY

To open a company in Estonia by power of attorney, you must comply with all the terms of cooperation and pay for the services of Company in Estonia OÜ before starting the process. The total cost of the package is 1,190 EUR.

The price includes:

Each additional member of the company adds 100 EUR to the service cost.

Registration procedure and exchange of documents

After payment for the services of Company in Estonia OÜ, it will be necessary to send photos of passports of all company founders and information about the company to be established (desired name, type of activity, means of communication, and information about founder/s). As soon as the requested information is provided, our lawyer will send you examples of powers of attorney in English, which will need to be certified by a notary in your country.

Sequence

  1. Company in Estonia OÜ will send an example of power of attorney in English based on the documents and information received from the client.
  2. Based on the legislation of your country, it is necessary to prepare a sworn translation of the power of attorney into the state language.
  3. After sworn translations of all powers of attorney into the state language, it will be necessary to certify all powers of attorney at a notary and apostille them (if necessary).
  4. After the powers of attorney have been drawn up, they will need to be translated into English by a sworn translator.
  5. After certification and translation of all powers of attorney, they will need to be sent by courier to Company in Estonia OÜ at Sepise 1, Tallinn, 11415, Estonia.

Possible options for certification of prepared powers of attorney

  1. In English (a local notary certifies the examples of powers of attorney we have prepared).
  2. The prepared examples of powers of attorney will need to be translated into the state language of your country, and then certified by a notary.

Some countries such as Norway, Sweden, Netherlands, Belgium, France, and Germany accept documents in English.

Translation of powers of attorney into the state language is required in countries such as Finland, Latvia, Lithuania, Poland, Ukraine, Greece, Russia and so on.

Apostille

In the process of certification of documents, it is important to take into account the format in which a power of attorney is issued and whether it needs to be additionally apostilled in your country.

Certification of a document in accordance with the terms of the Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents is called apostille. This is an international certificate, comparable to notarisation in domestic law. If an agreement is applied between two countries, apostille is sufficient to confirm the validity of the document, which eliminates the need for double certification by a sending country and then by a receiving country.

List of countries that do not require apostille when certifying documents by a notary:

  • Latvia
  • Lithuania
  • Poland
  • Russia
  • Ukraine

If the powers of attorney are certified in the state language of your country, they must be translated into English by a sworn translator. The originals should be sent by email only when the prepared powers of attorney are certified by a notary, (apostilled if necessary), officially translated into English by a sworn translator.

After receiving the powers of attorney, the process of establishing a company takes about two weeks (the received powers of attorney must be translated into Estonian, and the notary who will establish the company, must familiarise themselves with the documents).

The cost of setting up a company:

Assistance in setting up a company 790 EUR
Contact person sevices for 1 year 200 EUR
Virtual office for 1 year 200 EUR
Total cost of company formation by power of attorney 1,190 EUR
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